(IndustryNews247.Com, February 10, 2017 ) According to Publisher, the Global Specialty Oilfield Chemicals market is accounted for $9.5 billion in 2015 and is expected to reach $15.6 billion by 2022 growing at a CAGR of 7.3% from 2015 to 2022. Factors like increasing application in drilling fluid, demand for enhanced oil recovery application and rising crude oil production will induce market growth. Increase in the industrial equipment life and deep drilling activities for shale gas will provide market opportunities. However, increasing environmental issues will hamper market growth.

Among products, Demulsifiers segment commanded the largest market share. Surfactants are anticipated to grow at a highest rate during the forecast period. North America is the largest market followed by Europe due to expansion of shale oil and gas industries. Asia Pacific will be the fastest growing market.